19 October 2017 The Irish Film & Television Network
Actors
TV
Crew
Digital
Distribution
Education / Training
Equipment
Festivals / Markets
Finance
Legal
Locations Ireland
Post Production
Production
Rep Bodies
JOBS FILMOGRAPHY NEWS WHO'S WHO DIARY GALLERY IFTA
     
Legal
Solicitors
Who's Who
Section 481
Options
Screenplays
Music & Soundtracks
Distribution
Talent
Locations
Completion
Copyright Law
Public Funding
Legal News
Site Map
IFTN HOME

Irish Film and Television Network

 »

Legal

 » Section 481


Section 481: Tax Credit cap increase to €70m approved by state and will come into effect on May 1st
27 Apr 2016 : Seán Brosnan
Minister for Finance Michael Noonan
The increase in the film tax credit cap announced last October as part of Budget 2016 will come into effect on May 1st 2016. From this date, the eligible expenditure per project increases from €50m to €70m.

State Aid approval was required and this has now been received with the change now being signed into law by Minister Michael Noonan.

Speaking about this improvement, the Minister for Finance, Mr. Michael Noonan T.D. said: “The revised Film Tax Credit has supported Irish culture and art, and encourages our national film industry. The scheme will now provide companies who produce movies and TV shows with a payable tax credit.”

The credit is calculated project by project and from the 1st of May companies can claim against expenditure of up to €70 million.

Minister Noonan continued: “With this increased cap we will encourage the necessary investment in the provision of studio and other film production facilities. The Irish film industry has a large impact on our culture, our international reputation and recognition. The industry also provides jobs and educational opportunities for many. I look forward to seeing many more quality productions from filmmakers in Ireland who have benefitted from this incentive.”


BS Visit Finance News on IFTN


BREAKING NEWS
News ‘Storyland’ Debuts on RTÉ Player
Cork Film Festival announce 2017 Programme
Grand Pictures’ ‘Dark Lies the Island’ Wraps
Northern Ireland Screen's ILBF Latest Funding Decisions

FEATURES & INTERVIEWS
‘Maze’ Director Stephen Burke talks IFTN through the Development, Finance & Filming of his latest Project
Box Office Success for 'Cardboard Gangsters'
Free Industry Newsletter
Subscribe to IFTN's industry newsletter - it's free and e-mailed directly to your inbox every week.
Click here to sign up.


RELATED NEWS
Nickelodeon take rights to Kiva Can Do
21 Sep 2017 
Tile Films Takes ‘Sacred Sites’ Season 2 to MIPCOM
12 Sep 2017 
Sidline's 'Revolting Ireland' Production
04 Sep 2017 
Production Commences on ‘Highway’
15 Jul 2017 




 
 the Website  Directory List  Festivals  Who's Who  Locations  Filmography  News  Crew  Actors
 

Contact Us | Advertise | Copyright | Terms & Conditions | Security & Privacy | RSS Feed | Twitter